Savings & Loans
(WFSL) U.S. Treasury Sells Washington Federal Warrants
The Treasury announced Wednesday that it has received net proceeds of $15.4 million from the sale of warrants it obtained as part of its investment in Washington Federal Inc. (WFSL) through the Troubled Asset...
(HCBK) Hudson City Bancorp Seeks to Change Regulators
Hudson City Bancorp (HCBK) announced yesterday its intention to change its regulator to the Office of the Comptroller of the Currency (OCC). Currently the bank is under the regulation of the Office of Thrift...
(OCN) Ocwen Financial Posts Preliminary Results
Ocwen Financial Corp. (OCN) reported its preliminary fourth quarter operating earnings per share of 7 cents, substantially short of the Zacks Consensus Estimate of 16 cents. However, this compares favorably...
(WFSL) Washington Federal Analyst Upgrades to Neutral
We are upgrading our recommendation on Washington Federal Inc. (WFSL) to Neutral from Underperform.
The company’s fiscal first quarter (ended Dec 31, 2009) earnings of 7 cents per share were a nickel...
(WFSL) U.S. Bank Failures Reach Fifteen in 2010
U.S. regulators on Friday shuttered six more banks in California, Georgia, Florida, Minnesota and Washington as the recession continues to take its toll on small banks. This brings the total number of bank failures to 15 so far in 2010, compared to 140 in 2009, 25 in 2008...
(WFSL) Washington Federal’s Earnings Fall Short
Washington Federal’s (WFSL) first fiscal quarter (ended Dec 31, 2009) earnings of 7 cents per share were a nickel short of the Zacks Consensus Estimate. This also compares unfavorably with the earnings...
(WFSL) 2010 U.S. Bank Failures Tally Reaches Nine
Regulators shut down 5 more banks in Florida, Missouri, New Mexico, Oregon and Washington; pushing up U.S. bank failures to 9 so far in 2010.
Though the economy is showing signs of gradual recovery, bank failures...
(PBCT) People’s United Financial’s Earnings Meet Expectations
People’s United Financial, Inc.’s (PBCT) fourth quarter operating earnings per share of 8 cents were flat with the Zacks Consensus Estimate and third quarter earnings. However, earnings declined from...
(HCBK) Hudson City Bancorp Meets Earnings Estimates
Hudson City Bancorp’s (HCBK) fourth quarter 2009 operating earnings came in at 28 cents per share, in line with the Zacks Consensus Estimate. This was an increase over the 25 cents reported last year. The...
(WFSL) 2010 U.S. Bank Failures Rise to Four
Regulators shut down 3 more banks in Illinois, Minnesota and Utah pushing up U.S. bank failures to 4 so far this year.
U.S. regulators on Friday shuttered three more banks in Illinois, Minnesota and Utah as the recession continues to take its toll on small banks. This...
(WFSL) U.S. Bank Failures Continue Into 2010
U.S. regulators on Friday shuttered Horizon Bank of Bellingham, Washington, making it the first of the expected high number of small bank failures in 2010. Also, in California, the Bakersfield-based Kern Central Credit Union was seized by the National Credit Union Administration...
(PBCT) People’s United Financial’s United Eyes Acquisition
People’s United Financial Inc. (PBCT) said on Monday that it is eyeing the acquisition of Financial Federal Corporation (FIF) for...
(HCBK) Hudson City Bancorp Meets Consensus Estimates
Hudson City Bancorp’s (HCBK) third quarter 2009 operating earnings came in at 27 cents per share, a penny ahead of the Zacks Consensus Estimate’s 26 cents per share. This was an increase over 25 cents last year. The company continued to experience...
(PBCT) People’s United Financial Reports Earnings In-Line
People’s United Financial Inc.’s (PBCT) third quarter earnings of 8 cents per share were in line with the Zacks Consensus Estimate. While quarterly results benefited from growth in core loan portfolios and deposits, the company’s credit quality...
(WFSL) Washington Federal – Bear of the Day
Washington Federal’s (WFSL) third quarter earnings were in line with the Zacks Consensus Estimate. However, the results significantly deteriorated from the prior-year quarter due to a huge increase in provision for loan losses, primarily in response...
(WFSL) Washington Federal Offers $300 mln Shares
Washington Federal Inc. (WFSL) initiated an underwritten public offering of $300 million of its common stock on Monday. The company plans to use proceeds from the offering for general corporate purposes Incorporatedluding capital to support growth and acquisition...
(OCN) Ocwen Financial Chooses Delloite & Touche
On Sept. 4, Ocwen Financial Corp. (OCN) said that its Board of Directors approved the dismissal of PricewaterhouseCoopers as its independent public accounting firm. The vote took place on Aug. 31 and the dismissal was effective the same day. It said there...
(HCBK) Top Financial Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Financial” equity mutual funds, which primarily invest in equity securities of financial services and related companies.
Investors can find such funds by checking out the entire list of the vitalstocks | 0 comments | Continued
(OCN) Ocwen Completes Equity Offering
Ocwen Financial Corp. (OCN) announced the completion of its public offering of 32.2 million shares of common stock, which includes 4.2 million shares purchased by the underwriters to cover the over-allotment option.
Ocwen received approximately $275.3...
(OCN) U.S. Banks – Industry Outlook
We think that the worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods — there are still many significant challenges ahead. The banks are now able to tap the debt markets without FDICs support and also access the equity...
(OCN) U.S. Banks – Industry Outlook
The worst of the credit crisis is now probably behind us, but the banking system is not yet out of the woods, as there are still many significant challenges ahead.
Ten of the nation’s largest banks have received the Treasury approval for TARP repayment, as they...
(CFFN) – Capital Federal Financial – does not have any concerns about its loan portfolio
Capital Federal Financial (CFFN) is distinguishing itself from its financial brethren by avoiding risky assets and producing solid earnings growth. Shares of Capital Federal are up over 30% on the year.
Company Description
Capital Federal Financial...
(CFFN) – Capital Federal Financial – does not have any concerns about its loan portfolio
Capital Federal Financial (CFFN) is distinguishing itself from its financial brethren by avoiding risky assets and producing solid earnings growth. Shares of Capital Federal are up over 30% on the year.
Company Description
Capital Federal Financial...
(CFFN) – Capital Federal Financial – does not have any concerns about its loan portfolio
Capital Federal Financial (CFFN) is distinguishing itself from its financial brethren by avoiding risky assets and producing solid earnings growth. Shares of Capital Federal are up over 30% on the year.
Company Description
Capital Federal Financial...
(NWSB) – Northwest Bancorp – great job of shielding itself from risky investments that have been problematic for other financial institutions
Northwest Bancorp. (NWSB) reported impressive second-quarter results in July that included a big jump in earnings from last year. Analysts have raised their guidance in response to the strong performance, and the company’s share price recently broke above a key short-term...